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VeriFone Systems Inc. and XPIENT Solutions have partnered to provide a payment-as a service solution for the limited-service restaurant market.

According to a news release, the solution enhances security through payment system isolation and end-to-end encryption while providing a pathway to EMV and NFC payment acceptance at the point-of-sale.

IRIS is a POS application from XPIENT Solutions, a provider of solutions used by 17 of the top 50 QSR brands, the release said. Integration of XPIENT's platform with VeriFone's PAAS solution — VeriFone Point — will enable restaurant operators to future-proof payment infrastructure for EMV and NFC payment acceptance while enhancing data security with a SRED and PCI PA DSS certified end-to-end encryption solution.

"Our partnership with VeriFone yields a ground-breaking solution that provides restaurants with best-in-class POS functionality and data security as well as a direct path to accepting EMV and NFC presentment and other forms of payment that are growing in popularity among consumers," Christopher Sebes, CEO of XPIENT Solutions, said in the release.